As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.
Pemex's US$8bn bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing.
Renewable energy methods such as solar and wind will almost certainly impact the amount of oil and gas consumed and therefore could lower pricing, some experts believe.
In addition to providing energy to Duke's system, the microgrid will be capable of operating while disconnected from the grid to improve reliability for customers connected the project.
Total spent $267 million on a 23% stake in 2017, with an option to take full control in 2022, and recently increased its holding to 30% after a capital increase to fund Total Eren's acquisition of NovEnergia.
Global energy investment steadied at nearly $1.85 trillion last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases in oil, gas and coal, the International Energy Agency said.
The annual wind energy event comes to oil and gas country. But, did you know, Texas is the leading state for installed wind capacity?
Exxon Mobil Corp. is promising up to $100 million over the next 10 years to U.S. government laboratories to research technologies that could cut greenhouse gas emissions.